Articles
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1 week ago |
cnbc.com | Natalie Wu
It's not uncommon for adult children to move back in with their parents after leaving home. Nearly half, or 46%, of parents say they have an adult child aged 18 to 35 who has "boomeranged" home, according to a survey released in April by financial services provider Thrivent. What stands out about this group of adults, however, is they tend to struggle more to manage their money.
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2 weeks ago |
cnbc.com | Natalie Wu
Wasteful spending can happen to anyone. Take Kansas City Chiefs tight end Travis Kelce, who spent thousands on VIP bottle service in nightclubs his rookie year in the NFL, leaving him "damn near dead broke," he said on his "New Heights" podcast in 2023. Or Chris Nassetta, the CEO of Hilton, who once spent $20,000 on a Porsche while fresh off a breakup in his 20s, he told CNBC Make It in 2023.
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2 weeks ago |
cnbc.com | Natalie Wu
When it comes to company culture, Bill Phelps, the CEO of Dave's Hot Chicken and former CEO of Wetzel's Pretzels, doesn't compromise. The 69-year-old CEO says the biggest red flag he looks out for when running his business is "toxic" people — those who lack the empathy to support their teams and the generosity to share their success with others. It's an offense that can even lead to termination, he says.
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2 weeks ago |
cnbc.com | Natalie Wu
Like countless others, Bill Phelps wanted to get rich when he was younger. Now, the 69-year-old CEO of Dave's Hot Chicken and former CEO and co-founder of Wetzel's Pretzels says he gets fulfillment out of helping others find financial success.
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3 weeks ago |
cnbc.com | Natalie Wu
Apparently, convincing your friends to sell chicken can pay off — big. At 24, Arman Oganesyan was making $50 a night as a stand-up comedian with no restaurant or business experience when he pitched the idea of selling Nashville hot chicken to his childhood friends Dave Kopushyan and Tommy Rubenyan. Pooling $900 in savings, they launched Dave's Hot Chicken in 2017 as a pop-up in a Los Angeles parking lot.
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